Forensic Accounting and Financial Statement Fraud, Volume II

CHAPTER 2

Forensic Accounting Techniques

Executive Summary

Forensic accountants use accounting and auditing techniques as well as the legal rule of evidence during their investigation and the preparation of reports. Forensic accountants should assess the risk of unfavorable events that can lead to the occurrences fraud. Forensic accountants also evaluate the internal controls to ensure they are adequate and effective in responding to the related risks. This chapter presents the role of forensic accountants in risk assessment, internal control evaluation, and implementation of investigative techniques in gathering sufficient and competent evidence to support their opinions.

Introduction

Organizations of all sizes, types, and complexities are experiencing ...